The Home Depot, Inc. $HD Shares Bought by Synovus Financial Corp

Synovus Financial Corp grew its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,198 shares of the home improvement retailer’s stock after acquiring an additional 4,813 shares during the period. Home Depot accounts for approximately 0.8% of Synovus Financial Corp’s holdings, making the stock its 23rd largest position. Synovus Financial Corp’s holdings in Home Depot were worth $68,175,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HD. Centerpoint Advisory Group grew its holdings in Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after buying an additional 26 shares during the last quarter. Disciplined Investors L.L.C. boosted its position in shares of Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after acquiring an additional 26 shares during the period. Brio Consultants LLC increased its position in Home Depot by 4.7% during the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after acquiring an additional 26 shares during the period. Emprise Bank raised its stake in Home Depot by 0.8% during the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. boosted its holdings in Home Depot by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after purchasing an additional 26 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $383.38 on Thursday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The stock has a market capitalization of $381.66 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 13.69 and a beta of 1.08. The company has a 50-day simple moving average of $368.38 and a 200 day simple moving average of $380.30. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the company posted $3.78 earnings per share. Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and a $410 price target, supporting upside expectations from the sell-side. Home Depot had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group
• Positive Sentiment: Robert W. Baird raised its price target to $430 and maintained an outperform rating, a notable catalyst for momentum given the relative size of the raise. Baird adjusts price target on Home Depot to 430 from 400; maintains outperform rating
• Positive Sentiment: Brokerage consensus sits around a “Moderate Buy,” reinforcing the buy-side narrative ahead of Q4 results. The Home Depot, Inc. (NYSE:HD) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Positive Sentiment: Zacks highlights Home Depot’s disciplined capital allocation (steady dividends, share buybacks and targeted investments) as supportive for long-term shareholder value. Home Depot’s Capital Discipline Drives Long-Term Shareholder Value
• Neutral Sentiment: Analyst and market commentary ahead of Q4 is mixed: some notes expect a likely earnings beat driven by Pro demand/GMS, while others warn y/y sales and EPS could be down — creating uncertainty ahead of the print. Home Depot Pre-Q4 Earnings: Is it Wise to Buy Before the Release?
• Neutral Sentiment: Jim Cramer commentary has spotlighted HD and contributed to retail attention and trading interest, but it’s not a fundamental catalyst. Jim Cramer Believes He Got the Last Laugh With Home Depot (HD) Stock
• Negative Sentiment: Management has tightened access to employee bonuses amid what it describes as a “housing market freeze,” a signal investors may read as cost control in response to softer demand — potentially negative for morale and indicative of near-term revenue pressure. Home Depot Gets Stricter on Bonuses Amid Housing Market Freeze
• Negative Sentiment: Reports note the company has made bonuses tougher to access, reinforcing the narrative of management reacting to softer housing activity. Home Depot Makes Bonuses Tougher to Access, Home Depot Stock (NYSE:HD) Notches Up
• Negative Sentiment: Operational headwinds — theft and ICE-related store disruptions (e.g., moved power tools to cages) — are flagged as customer concerns that can increase shrink costs and hurt in-store experience. Power Tools in Cages Prove Concerning to Customers, But Home Depot Stock (NYSE:HD) Slumps
• Negative Sentiment: Recent intraday/near-term pullbacks (noted by market reports) reflect investor sensitivity to macro/housing headlines even as fundamentals remain mixed. Home Depot (HD) Stock Declines While Market Improves: Some Information for Investors

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein upped their price objective on shares of Home Depot from $362.00 to $381.00 and gave the company a “market perform” rating in a research report on Wednesday. Gordon Haskett upped their target price on Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. TD Cowen boosted their price target on shares of Home Depot from $410.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. BNP Paribas Exane raised their price objective on shares of Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Finally, Truist Financial set a $405.00 target price on shares of Home Depot in a research report on Friday, January 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.37.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.